Nielsen Holdings plc (NYSE:NLSN) Receives Average Recommendation of “Hold” from Brokerages

Shares of Nielsen Holdings plc (NYSE:NLSNGet Rating) have been assigned a consensus rating of “Hold” from the eleven analysts that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $25.11.

Several equities research analysts recently weighed in on NLSN shares. Jefferies Financial Group cut Nielsen from a “buy” rating to a “hold” rating and set a $28.00 target price for the company. in a report on Wednesday, March 30th. TheStreet cut Nielsen from a “b-” rating to a “c+” rating in a report on Thursday, February 24th. The Goldman Sachs Group cut Nielsen from a “neutral” rating to a “sell” rating and dropped their target price for the company from $23.00 to $17.00 in a report on Wednesday, January 26th. Morgan Stanley upgraded Nielsen from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $15.00 to $28.00 in a report on Tuesday, March 29th. Finally, Royal Bank of Canada increased their target price on Nielsen from $20.00 to $28.00 and gave the company a “sector perform” rating in a report on Wednesday, March 30th.

In other news, major shareholder Windacre Partnership Llc bought 5,652,100 shares of the stock in a transaction dated Wednesday, April 13th. The stock was bought at an average price of $27.49 per share, for a total transaction of $155,376,229.00. Following the purchase, the insider now directly owns 91,074,100 shares in the company, valued at approximately $2,503,627,009. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last 90 days, insiders bought 26,105,385 shares of company stock valued at $715,142,857. 0.53% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Gateway Investment Advisers LLC purchased a new position in shares of Nielsen in the 1st quarter valued at approximately $219,000. Havens Advisors LLC bought a new position in Nielsen during the 1st quarter valued at approximately $1,171,000. Syquant Capital Sas bought a new position in Nielsen during the 1st quarter valued at approximately $2,179,000. Pacer Advisors Inc. increased its position in Nielsen by 42.5% during the 1st quarter. Pacer Advisors Inc. now owns 48,737 shares of the business services provider’s stock valued at $1,328,000 after buying an additional 14,538 shares in the last quarter. Finally, First Citizens Bank & Trust Co. increased its position in Nielsen by 34.0% during the 4th quarter. First Citizens Bank & Trust Co. now owns 227,891 shares of the business services provider’s stock valued at $4,674,000 after buying an additional 57,778 shares in the last quarter. Institutional investors own 99.43% of the company’s stock.

Shares of Nielsen stock opened at $27.40 on Friday. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 1.60. The firm has a market capitalization of $9.85 billion, a PE ratio of 10.26 and a beta of 1.51. The business’s 50-day moving average price is $21.52 and its 200-day moving average price is $20.65. Nielsen has a 12 month low of $16.02 and a 12 month high of $28.42.

Nielsen (NYSE:NLSNGet Rating) last issued its earnings results on Monday, February 28th. The business services provider reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.12. The company had revenue of $894.00 million during the quarter, compared to analysts’ expectations of $898.15 million. Nielsen had a return on equity of 18.79% and a net margin of 27.51%. Nielsen’s quarterly revenue was down 46.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.50 EPS. As a group, analysts predict that Nielsen will post 1.78 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 16th. Stockholders of record on Thursday, June 2nd will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.88%. Nielsen’s payout ratio is presently 8.99%.

Nielsen declared that its board has approved a share buyback plan on Monday, February 28th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the business services provider to buy up to 16% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Nielsen Company Profile (Get Rating)

Nielsen Holdings plc, together with its subsidiaries, operates as a measurement and data analytics company worldwide. The company provides viewership and listening data, and analytics principally to media publishers and marketers, and advertising agencies for television, computer, mobile, CTV, digital, and listening platforms.

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